state budget

The magnitude of South Australia’s budget crisis has been laid bare with Treasury officials revealing a multi-billion dollar GST collapse since Rob Lucas’s December economic statement, coupled with a $350 million spending blowout.

Rob Lucas’s razor-thin budget surplus has been effectively wiped out by a fresh writedown in GST revenues, with this morning’s federal update slashing the state’s receipts by $136 million in the current financial year.

Outraged Adelaide councils say they will tell residents to blame the Marshall Government for rates being raised by up to an additional 1 per cent just to cover the “stealth attack” hike to the solid waste levy announced in yesterday’s State Budget.